Your organization subscribed to a cloud service and is paying monthly for a group of services. The organization is then billed incrementally when it exceeds the monthly amount. Which of the following cloud concepts does this represent?

Measured service.

Explanation: In the information and technology realm, metering devices are often deployed in other to monitor the usage of various cloud services. This metering devices measure and record the usage of services an individual or company subscribes to in real time. This metering devuces allows both the provider and user to keep track of their usage and hence promote transparency. Once the allocated bundle is exhausted, additional usage of the service will result in incremental billing usually on 'pay-as-you-go' basis unless another bundle is purchased.